UK Closes in on Drug Pricing Deal With White House: FT

The UK believes it is closing in on a major drug pricing deal with the White House, the Financial Times reports, citing British officials and people briefed on the talks.

• Under the deal, Britain would pay billions of pounds more to buy some medicines in exchange for the US imposing “low to zero” tariffs for UK pharmaceutical exports
• British officials say talks are at an advanced stage: FT
  • The ultimate prize would be for zero tariffs for all drugs made in the UK
  • The US could push for a tariff of 10%
• “We are quite close,” one London official ...